Cho, Seong-Soon; El Ghoul, Sadok; Guedhami, Omrane; … - In: Journal of Corporate Finance 25 (2014) C, pp. 40-60
For a large sample of 48 countries, we find robust evidence that strong creditor rights are associated with low long-term leverage across countries. We further find that strong creditor protection lowers long-term debt issuance, the extent to which investments are financed with long-term debt,...
